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Latest Articles in brent crude

Oil Gains As US Production Slowly Returns After Freeze

Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents, or 1.3%, to $59.98 a barrel, having fallen 0.4% last week.

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Oil Prices Extend Gains As Texas Cold Snap Cuts US Output

Roughly 1 million barrels per day (bpd) of crude production have been shut, according to Wood Mackenzie analysts, and it could be weeks before production is fully restored.

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Oil Rises On Fears Of Heightened Tensions In Middle East

Brent crude was up 66 cents, or 1.1%, at $63.09 a barrel at 0004 GMT, after climbing to a session high of $63.44, the highest since Jan. 22, 2020.

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Oil Price Rally Falters Despite Unexpected Drop In US Inventories

Crude inventories in the United States fell by 3.5 million barrels in the week to Feb. 5 to about 474.1 million barrels, data from the American Petroleum Institute (API) showed on Tuesday.

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Oil Climbs To Highest In A Year On US Growth Optimism, Crude Supply Restraint

Brent crude futures climbed 28 cents, or 0.5%, to $59.12 a barrel by 0730 GMT, after hitting a high of $59.41, its highest since Feb. 20 last year. Brent is on track to rise 6% this week.

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Oil Treads Warily Higher Amid Patchy Vaccine Rollouts, New Coronavirus Variants

Brent crude futures were up 10 cents at $55.14 a barrel by 0233 GMT, while U.S. West Texas Intermediate (WTI) gained 1 cents to $52.21. Both benchmarks gained nearly 8% in January.

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Indian Oil's Quarterly Profit More Than Doubles On Inventory Gains

The country's top refiner, posted a net profit of 49.17 billion rupees ($673.75 million) for the quarter ended Dec. 31, compared with 23.39 billion rupees a year earlier.

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Oil Up Above $56 On Lower US Stockpiles, Drop In New Chinese COVID-19 Cases

Brent crude climbed 51 cents, or 0.9%, to $56.42 a barrel at 0920 GMT. U.S. West Texas Intermediate (WTI) crude rose 41 cents, or 0.8%, to $53.02.

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Oil Rises As US Oil Stockpiles Drop, New Chinese COVID-19 Cases Decline

Brent crude futures climbed 11 cents, or 0.2%, to $56.02 a barrel, adding to a small gain on Tuesday.

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Oil Prices Edge Up, But Impact Of Lockdowns Restrain Gains

Brent crude futures for March rose 32 cents, or 0.6%, to $55.73 a barrel by 0729 GMT, while U.S. West Texas Intermediate crude for March was at $52.62 a barrel, up 35 cents, or 0.7%.

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Oil Prices Fall For Second Session As COVID-19 Lockdown Concerns Cast Pall Over Demand Prospects

Brent crude futures for March fell 15 cents, or 0.3%, to $55.26 a barrel by 0158 GMT, while U.S. West Texas Intermediate crude for March was at $52.19 a barrel, down 8 cents, or 0.2%.

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India's Oil Imports At Near Three-Year High In December - Trade

India's annual crude imports declined by about a tenth in 2020 from the previous year to 4.04 million bpd, the lowest in five years,

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Oil Above $56 On U.S. Stimulus Hopes Ahead Of Biden Inauguration

Brent crude was up 40 cents, or 0.7%, to $56.30 at 0915 GMT, after a 2.1% gain on Tuesday. U.S. West Texas Intermediate (WTI) crude climbed 48 cents, or 0.9%, to $53.46.

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Oil Drops As Chinese Lockdowns, US Unemployment Data Drains Rally

Brent was down 71 cents, or 1.2%, at $55.71 by 0758 GMT, after gaining 0.6% on Thursday. U.S. West Texas Intermediate crude was 46 cents, or 0.9%, lower at $53.11 a barrel, having risen more than 1% the previous session.

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What Is The Saudi-Russia-America Oil War? How Does It Affect India?

Russia refused to comply, and took the opposite route of increasing their production. One may speculate why Russia did that, but experts believe it is to attacks the USA oil industry.

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